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I have a lot of dead coins. Some of them made me suffer big losses. I see that this dead coin has done a lot of harm to people and ironically has made its developers super rich. I see a pattern here where the developer who has become super rich is creating a new project and doing the same thing to earn more and more profits. This is the dark side of cryptocurrency I think.
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That's a good thing. But I didn't expect much there. I mean what's going to happen to them making their own coin and then they promote it and then their community buys it? That's not how cryptocurrency works. It's just doing money circulation and it will end up being a scam. To me an Islamic coin sounds like something its developers will make rich. I beg you not to take offense but we must speak realistically.
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I am one of those people who likes to do staking. It has given me several advantages over the years. I think people choose to do staking because they have several considerations and goals. I'm the type of person who enjoys something long term. And staking is what I love about cryptocurrency.
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Some of the rules that have been made regarding cryptocurrencies are to minimize the occurrence of digital crimes. Some governments do not strictly prohibit their people from taking places in cryptocurrencies. They only make a few regulations so that fraud and fraud do not occur in every cryptocurrency transaction. That's what I thought.
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Altcoins are created by promoting cryptocurrencies. If there were only Bitcoin, I think cryptocurrencies would not be as popular as they are today. Altcoins have played a role in introducing cryptocurrency to the world and attracting many Investors into it. Indeed, BTC was the first coin that was very popular at that time, but I think the existence of ALts also had an important role there.
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I've read some news about Cardano. I think they are in a crisis period because they don't have innovation and development in their project. Currently Cardano is trading around $0.3 and I don't think they are going to hit their ATH again.
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 This is what I have found on the Shikoku Inu project. We call it Shiko Inu. I saw a bit of Hype on this project but I don't think it's a good investment for the time being. Maybe many people think its will be like Shiba but I see that it is still very far in the future. |
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When it comes to security, centralization is safer than decentralization. At the Bank your money is safer because they use a centralized system where they control all incoming money. If there is news about bankrupt banks, very, very little. Many banks also have deposit insurance institutions. If we talk about decentralization, we are talking about where the system does not control the money, but the owners control their own money. In my opinion it is quite risky especially with low knowledge about digital security.
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I can't suggest the best for you. All projects that you will invest there are risks. You just choose what kind of risk you can accept. I agree with some of the projects you have invested in but if it were me I would choose projects like ADA, Doge, XRP, CRO and CFX. It is also for long term investment.
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Expecting $5 to become $400 in the near future is impossible. That's almost impossible to happen. Right now I think $10-$50 is better make sense. Currently I no longer invest in $ICP but I used to be a $ICP investor and I made a lot of profit there. But to be honest for now I choose not to invest in ICP.
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The bull market is not influenced by the month of the calendar. There have been a lot of significant movements in the market or trading volume recently but I'm not sure about June. Everyone has their own assumptions but in my view for the year I predict that the market will improve at the end of the year.
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I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.
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You can check their website. Compare with some projects that have committed fraud and fraud. Scam projects usually follow the same pattern. They design the website as attractive as possible, make a promotions (possibly using funds from previous scams) and they have incomplete expert profiles and do not have valid records on their information. I advise you to study in this forum the history of projects that have been scammed before.
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While I've seen XLM have underperformed in previous bull runs, its recent association with XRP may have contributed to this. However, it is important to remember that XRP is currently involved in an ongoing legal case. Thus, it may not be wise to base investment decisions solely on the outcome of the case.
Investing in XLM with the expectation of a 10x return is a high risk strategy and should only be undertaken with a careful consideration of the potential losses. yes, As always, it is important to diversify one's portfolio and not put all one's eggs in one basket.
For now I don't see XLM having a good trade in the market. Right now I'm seeing good progress in market cap and trading volume but to be honest I'm not sure about XLM at the moment. Maybe other projects are more profitable in my eyes. |
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Currently I have invested in ETH, ADA, CFX, XRP, CRO, DOGE, and SAND. They are my favorite projects. I also have several failed projects and I can't mention them one by one here. But I have chosen the experience of a large number of cryptocurrency projects and I can say that we need to study and choose projects that already have a good reputation in the market. Don't even think about trying to gamble on new projects unless you are prepared to lose your money.
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Of course it has a psychological reason. When the market is bull a lot of people fall into FOMO and a lot of people get into the cryptocurrency world. And it becomes a gold field for developers to launch new projects and make them as attractive as possible to attract the attention of the popes. Cryptocurrencies that are on the rise have a strong appeal for many people and make many investors go and see the world of cryptocurrencies.
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Currently Shiba is priced at $0,000xxx. It would take an increase of up to 1000 times its current price for Shiba to hit $1. It would be costly for the whales to invest trillions of dollars into Shiba or burn more than 70% of the Doge currently on the market. I thought it would be a sheer utopia.
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I'm always like you. I watch the progress of each project and see how their traffic and trade are. Because if they have good trading charts even if the price is still low then I believe the project will be successful and may even hit the moon. By this time I had invested heavily in TRX. I agree with your statement that Doge is unique. And I believe Doge will be one of my best investments in the future.
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Watching the current market and the demise of ALL crypto ... is this the end for certain coins?
How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?
Until now I still keep those tokens. I believe that ETH, ADA, XRP, TRON, or several other tokens can still be trusted to exist in the cryptocurrency world. They are old projects that are still around and I'm sure they will still be great projects to invest in. |
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